Recent submissions

Comment · 9 years ago
That's not arbitrage, just basic investment. Arbitrage is buying X at place A and selling X at place B.

Energy arbitrage means buying energy where it's low, and selling where it's high. The latter is missing here.

Comment · 9 years ago
Investopedia: "Arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the price."

Deciding to mine bitcoin where energy is cheap is just bloody obvious.

> When I buy Bitcoin, as long as the energy used to mine the token is cheaper then energy I have access to, I’m getting a good deal.

So buying bitcoin from a base in Antarctica, where energy is scarce, is a better deal than buying it in Dubai? That doesn't make any sense whatsoever.

Comment · 9 years ago
This article is enormously confused, even by bitcoin standards.
Comment · 9 years ago
Is there any nation in which kids are less independent than in the U.S.?
Comment · 9 years ago
I’m an atheist. I’ve worked with people who thought I’m going to hell. What am I going to do, get them all fired?

No. Just be polite and respectful to your colleagues. Not every stone needs to be turned.

Comment · 9 years ago
What makes you think that those fantasy signal processing strategies were invented by (respectable) economists? Because they weren't.
Comment · 12 years ago
Comment · 12 years ago
I have a cronjob that does a "git fetch" every 5 minutes. That means I never pull. I merge-fastforward, and I rebase. Very satisfied with that workflow.
Comment · 12 years ago
Yeah - "on average". The last couple of years have been an exceptional situation, since the federal funds rate is almost 0%.
Comment · 12 years ago
Civilized countries don't have violent prisons.
Comment · 12 years ago
> Every single holder of USD lost around 1-2% a year to inflation, which is essentially a backdoor tax.

That's only true of cash, and money in checkings accounts. Money deposited in savings accounts yields interest, which (on average) more than compensates for inflation.

Comment · 12 years ago
That is by no means a fact. Nobody expected war in 1914, and most of the Great Powers did not want war. Franz Ferdinand was a force for moderation in the Austro-Hungarian Empire.

A lot of domino stones had to fall for WWI to happen. By the way, I can recommend "The War that Ended Peace", excellent book about the causes of WWI.

Comment · 12 years ago
The EU is a $16.5T economy, most of it on the internet, vastly underserved by internet companies compared to the U.S. Even Facebook was English only until 2008. Big business opportunities are being missed there.

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